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Bank Chief Says Zimbabwe's Inflation Has Hit 2.2 Million Percent PDF Print E-mail
Friday, 18 July 2008

Zimbabwe's bank chief says the country's inflation rate has skyrocketed to 2.2 million percent, the world's highest rate of inflation, reports VOA.
 
The previous inflation figure released by the Zimbabwe government put the country's inflation rate at 165,000 percent in February.
 
Central bank Governor Gideon Gono Wednesday announced the new figure provided by Zimbabwe's central statistical office.
 
Zimbabwe also suffers from 80 percent unemployment. An estimated three million Zimbabweans have fled to South Africa because of their country's economic collapse.
 
In recent months, Zimbabweans have also fled political violence leading up to a one-man presidential runoff election on June 27.
 
Zimbabwean President Robert Mugabe was re-elected in the widely-condemned vote, after opposition leader Morgan Tsvangirai dropped out of the race, citing state-sponsored violence against his supporters.
 
The ruling and opposition parties are discussing terms for talks aimed at settling the political crisis.

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